PENGU -137.45% in 24 Hours Amid Sharp Corrections

On SEP 1 2025, PENGU dropped by 137.45% within 24 hours to reach $0.029998, PENGU dropped by 488.28% within 7 days, dropped by 137.45% within 1 month, and dropped by 1430.71% within 1 year.

A significant downward correction marked PENGU’s trajectory in early September, with the token experiencing an extreme single-day drop of 137.45%, reaching a 24-hour price of $0.029998. This sharp move followed a sustained bearish trend, with the token having already declined by more than 488% over the preceding seven days. Analysts note that the movement was driven by a combination of on-chain signals and a lack of strong institutional or retail support during the critical window. The decline also reinforced broader concerns about the token’s liquidity profile and market depth.

Technical indicators on PENGU showed a deeply oversold condition as of the end of the first week of September. The RSI moved below 30 on multiple occasions, suggesting potential exhaustion among short-sellers. However, the lack of a strong rebound indicated a broader loss of confidence. The 50- and 200-day moving averages both moved decisively lower, with the 50-day line crossing beneath the 200-day line in a bearish signal known as a death cross. These developments contributed to an environment where even small sell orders triggered further price weakness, compounding the downward spiral.

Backtest Hypothesis

To evaluate the feasibility of a potential reversal in PENGU’s trend, a backtesting strategy was applied using key moving average crossovers and RSI thresholds. The strategy entered long positions when the 50-day moving average crossed above the 200-day moving average and when RSI moved above 40. Short positions were triggered during inverse conditions, such as when the 50-day MA crossed below the 200-day MA and RSI dipped below 40. Over a one-year period, the strategy was tested using historical data to identify optimal entry and exit points. The results suggest that while the strategy could have captured early reversal signals in less volatile conditions, it would have been ineffective during PENGU’s recent extreme corrections. This underscores the limitations of traditional indicators in fast-moving or illiquid markets.